Highlights:

Since the last update on February 1, 2024, the agriculture and export price indices closed 3 percent and 10 percent higher, respectively, while the cereal price index closed 2 percent lower.

• Domestic food price inflation remains high in low-, middle-, and high-income countries.

• The February 2024 Agricultural Market Information System (AMIS) Market Monitor highlights that, in early 2024, global commodity markets have maintained relative stability, with wheat, maize, and soybean export prices hitting their lowest in two years, although rice prices are almost one-third higher than a year ago because of El Niño−induced production shortfalls and export restrictions imposed by India.

• Developed by the Global Network Against Food Crises, the 2023 Financing Flows and Food Crises report underscores the significant external financing that countries and territories facing food crises have received.